Ringgit slides further against US dollar
At 9am, the local currency slipped to 4.6140/6155 against the greenback from yesterday’s closing of 4.6100/6120.
Euro strikes dollar parity as eurozone recession fears mount
The European single currency hit exactly one dollar – its lowest level since December 2002 – before rising to US$1.0023.
Ringgit expected to stabilise against US dollar in second half of 2022
HSBC also expects the local currency to strengthen to 4.28 by the end of the year.
Bank Negara rules out pegging the ringgit
Bank Negara Malaysia governor Nor Shamsiah Mohd Yunus says maintaining a peg would be a very costly policy.
Ringgit is fourth most undervalued currency, says latest global purchasing power index
A comparison of purchasing power through the price of the iconic Big Mac burger suggests that the ringgit is undervalued by as much as 58.9%.
Once among Asia’s worst currencies, ringgit now on the road to recovery
An improving global economic outlook and the deployment of Covid-19 vaccines have boosted the ringgit’s appeal.
Ringgit hits below 4.0 against dollar in strongest performance since 2018
As at 10.30am, the currency was trading at RM3.95 against the US dollar.